I sold half of my TNA position +14%. That’s my evasive action, in the case we crash tomorrow. I don’t think we crash tomorrow, but all my friends seem to. Even the stars seem to be predicting a stock market crash on the 20th of June 2012, therefore even the stars need to grow some balls. I’ve been getting myself in more and more long trades off support pivots since June started, pressing the intensity of my bets by exactly one notch each day. Now the Fed day of reckoning draws near, and the world tells me to sell out of my hard fought for winning long positions. But I’m up another 2% today, I don’t want to.
You can have half my TNA position, and that is it.
But taking profits ahead of the FED is a good idea, in reality. This fucking event can go either way. I am not advising anyone to not lighten the load. I just gotta keep it real in my blog. Who knows, I might wake up dead because I didn’t sell more.
I had a nice long relaxing lunch, and I feel pretty good right now. The current situation is there is threat of selling in equities in last hour because resistance at Daily R2 on $NQ_F. It would be a bad sign if we started tanking into the close. Basically I’m taking this increased volatility into the last hour as confirmation that we are going to move tomorrow, with extreme volatility, for sure.
My Current porftolio:
FB, EXK, ANR, CNQ, LNG, NOK, CERN, TNA, FAS, ATVI and puts on GMCR.
I made a tiny bet on Q’s front month 64 calls.
And added a new position (I can’t believe I’m saying this) -
4 Responses to Spinning the Wheel at the Clams Casino
Thanks a lot Chess!
maybe except for the TVIX part though, lol
I take it back. This is not volatile, its, its drying paint.